Where can you find the best short-term business loans?
Most businesses will need to borrow money at some point to fund something or other and when you’re in that position, you might not want to be paying off a debt in years to come. You might just need that extra helping hand to fund expansion costs or to help with cash flow, regardless of what you need to fund, a short-term business loan can provide the ideal solution.
What is a short-term business loan?
The most common way for businesses to bridge gaps in funding and to keep a company running smoothly has been to take out a short-term business loan. Short-term business loans can be a quick source of money when you need it the most, unlike medium to long-term loans. This type of loan is repaid over a period of one to twenty-four months, which is ideal if you don’t want to repay the debt over a number years.
If a company’s cash flow is frequently put under strain by late payments or 90-day payment terms, having access to a reliable short-term finance facility can make all the difference.
Is a short-term business loan for you?
The reasons you might want to consider a short-term loan is personal to you and your business, but it may be to alleviate cash flow constraints or purchase machinery and equipment – something that could be essential to delivering your product or service. On the other hand, you might require funds for a marketing campaign.
Whatever you need the money for, our short-term business loans are available to companies in almost any industry and can be used for any purpose. Here are some of the most common reasons why people require funding:
- Business expansion
- Stock purchase
- Renovation and refurbishment
- Recruitment and training
- Corporation tax
- VAT payments
- Management buy-outs and buy-ins
- New contracts
- PR & marketing
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